Quick, how many years will it be before the world runs out of oil? Don't know? Join the club. Actually, choose one of several clubs, each of which vehemently disagrees with the others on how much usable crude is left on the earth. The question is far from an academic exercise: This year oil hit a near record-high $40 a barrel, and Royal Dutch/Shell Group downgraded its reserves by 4.5 billion barrels.
QUOTE 08.17.2004: This year oil hit a near record-high $40 a barrel, fast forward to saturday, 05. 24. 2008 Oil prices closed yesterday at a new record high of $132.19 a barrel. AAA National average for the price of a gallon of gasoline is $3.911 whats going to happen in another four years
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